XML 25 R11.htm IDEA: XBRL DOCUMENT
v3.19.1

Equipment Held for Operating Lease | 12 Months Ended
--- | ---
Dec. 31, 2018
Equipment Held for Operating Lease |
Equipment Held for Operating Lease | 3. Equipment Held for Operating Lease As of December 31, 2018, the Company had a total lease portfolio of 244 engines and related equipment, 17 aircraft and 10 other leased parts and equipment with a net book value of $1,673.1 million. As of December 31, 2017, the Company had a total lease portfolio of 225 aircraft engines and related equipment, 16 aircraft and 7 other leased parts and equipment, with a net book value of $1,342.6 million. A majority of the equipment is leased and operated internationally. Substantially all leases relating to this equipment are denominated and payable in U.S. dollars. The Company leases equipment to lessees domiciled in eight geographic regions. The tables below set forth geographic information about the leased equipment grouped by domicile of the lessee (which is not necessarily indicative of the asset’s actual location):
|  | Years Ended December 31, |
Lease rent revenue |  | 2018 |  | 2017 |  | 2016 |
|  | (in thousands) |
Region |  |  |  |  |  |  |  |  |  |
Europe |  | $ | 70,842 |  | $ | 50,789 |  | $ | 44,650 |
Asia |  |  | 40,717 |  |  | 34,169 |  |  | 34,524 |
United States |  |  | 40,100 |  |  | 20,307 |  |  | 13,395 |
South America |  |  | 11,338 |  |  | 11,958 |  |  | 11,504 |
Mexico |  |  | 4,721 |  |  | 5,409 |  |  | 6,251 |
Canada |  |  | 4,585 |  |  | 4,355 |  |  | 4,049 |
Middle East |  |  | 3,286 |  |  | 3,360 |  |  | 3,674 |
Africa |  |  | 20 |  |  | 22 |  |  | 1,848 |
Totals |  | $ | 175,609 |  | $ | 130,369 |  | $ | 119,895 |
|  | As of December 31,
Net book value of equipment held for operating lease |  | 2018 |  | 2017
|  | (in thousands)
Region |  |  |  |  |  |
Europe |  | $ | 624,913 |  | $ | 444,938
Asia |  |  | 368,690 |  |  | 258,501
United States |  |  | 260,095 |  |  | 251,959
South America |  |  | 118,508 |  |  | 111,999
Middle East |  |  | 43,602 |  |  | 61,606
Mexico |  |  | 33,795 |  |  | 34,399
Canada |  |  | 18,792 |  |  | 28,977
Africa |  |  | 2,597 |  |  | 2,959
Off-lease and other |  |  | 202,143 |  |  | 147,233
Totals |  | $ | 1,673,135 |  | $ | 1,342,571
As of December 31, 2018, the lease status of the equipment held for operating lease (in thousands) was as follows:
Lease Term |  | Net Book Value
Off-lease and other |  | $ | 202,143
Month-to-month leases |  |  | 216,523
Leases expiring 2019 |  |  | 588,615
Leases expiring 2020 |  |  | 290,882
Leases expiring 2021 |  |  | 63,387
Leases expiring 2022 |  |  | 165,117
Leases expiring 2023 |  |  | 90,490
Leases expiring thereafter |  |  | 55,978
|  | $ | 1,673,135
As of December 31, 2018, minimum future payments under non-cancelable leases were as follows:
Year |  | (in thousands)
2019 |  | $ | 136,549
2020 |  |  | 68,565
2021 |  |  | 44,163
2022 |  |  | 30,017
2023 |  |  | 12,019
Thereafter |  |  | 7,299
|  | $ | 298,612

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for lessor entity's leasing arrangements for operating, capital and leveraged leases. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
Name: | us-gaap_LeasesOfLessorDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration